To spend a large amount of money or to lose a lot of money.
This phrase originated in the 1600s when it was used to refer to the action of literally breaking into a bank and stealing all the money. Today, break the bank is most often used figuratively to refer to spending a large amount of money or losing a lot of money
The company spent $10 million on the new advertising campaign, which broke the bank.
The gambler lost all his money at the casino and broke the bank.
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